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Former FM P. Chidambaram on Central Government's Mega Stimulus Package
Posted
May 18, 2020
Views
225
Likes
7
Engagement
3.11%
May 18, 2020
225
7
3.11%
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6:30Now PlayingThe Former Finance Minister Palaniappan Chidambaram gives his view on the Central Government’s Mega Stimulus Package to revive declining economy amid Coronavirus and lockdown crisis.
He says, the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry and claims that ‘Government’s fiscal stimulus package is hopelessly inadequate. In our view, a fiscal stimulus of ₹ 1, 86,650 crores amounting to barely 0.91 per cent of GDP will be totally inadequate given the gravity of the economic crisis and the dire situation in which people find themselves’
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